Diamonds and Dogs

12/23/24

A new AI chip darling, Broadcom (AVGO). The chip stock is up 5% on an upgrade following strong earnings last week. Jefferies named Broadcom as their top pick for 2025 with a $300 price target. Broadcom following strong earnings last week expects Ai spending to continue through the end of 2029.

Walmart (WMT) lower by 2% as the Consumer Financial Protection Bureau said it was suing the retailer and its fintech partner for pay practices for more than one million delivery drivers. Walmart not exactly in the holiday spirit.

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